Aerospace Group:

Business/Financial

SAIC’s First Quarter Sales, Earnings Up On Engility Deal, Improved Performance

By Cal Biesecker

Thursday, June 6th, 2019

SHARE:

Nazzic Keene will officially become the next CEO of Science Applications International Corp. this summer. Photo: SAIC

Science Applications International Corp. [SAIC] on Thursday posted higher sales and net income with the results driven by the company’s acquisition of Engility in January and improved performance across its portfolio. Sales were up 37 percent to $1.6 billion from nearly $1.2 billion a year ago, with all of the growth coming from Engility as organic revenue declined 3 percent. The first quarter was the only one this fiscal year that organic growth is expected to contract and will be…

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]